Gas

Crusoe Energy Systems, Alkane Midstream Agree to Resolve Lawsuit

Retrieved on: 
Tuesday, March 21, 2023
Environment, Technology, Other Energy, Oil, Gas, Sustainability, Green Technology, Energy, Mining, Minerals, Hardware, Natural Resources, Permian, Patent, Natural gas, Alkane, Crusoe

Crusoe Energy Systems LLC (Crusoe) and Alkane Midstream LLC (Alkane) announced today that they have agreed to resolve a lawsuit related to patent infringement.

Key Points: 
  • Crusoe Energy Systems LLC (Crusoe) and Alkane Midstream LLC (Alkane) announced today that they have agreed to resolve a lawsuit related to patent infringement.
  • Both parties have agreed to dismiss the lawsuit and enter into a mutually beneficial license agreement.
  • Denver-based Crusoe builds and operates Digital Flare Mitigation systems, a technology that converts otherwise stranded and flaring natural gas into on-site computation to reduce waste and emissions.
  • The initial lawsuit was filed in August 2022 with the Denver Division of Colorado’s Federal Court.

New Concept Energy, Inc. Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, March 21, 2023
Oil, Gas, Energy, Collection, NYSE, Sale, Video game, Cryptocurrency

New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the fourth quarter and the full year ended December 31, 2022.

Key Points: 
  • New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the fourth quarter and the full year ended December 31, 2022.
  • During the three months ended December 31, 2022 the Company reported a net income of $11,000 compared to a net loss of $49,000 for the same period ended December 31, 2021.
  • For the full year ended December 31, 2022 the Company reported net income of $181,000 compared to net income of $70,000 for the same period ended December 31, 2021.
  • Revenues from managing the oil and gas operations for a third party was $111,000 in 2022.

Mesa Royalty Trust Announces Trust Income for March 2023

Retrieved on: 
Tuesday, March 21, 2023
Energy, Professional Services, Oil, Gas, Finance, San Juan Basin, MTR, Risk, Form, Trustee, LP, NYSE, Life insurance, Trust

Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today the Trust income distribution for the month of March 2023.

Key Points: 
  • Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today the Trust income distribution for the month of March 2023.
  • Unitholders of record on March 31, 2023 will receive distributions amounting to $0.111765364 per unit, payable on April 28, 2023.
  • No income was received in March 2023 from the Hugoton Royalty properties operated by Scout Energy Group V, LP.
  • The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty.

Crane Holdings, Co. Names Jennifer Kartono Senior Vice President, Chief Human Resources Officer of Crane NXT

Retrieved on: 
Tuesday, March 21, 2023
Defense, Oil, Gas, Other Defense, Contracts, Energy, Chemicals, Plastics, Aerospace, Manufacturing, Communication, University, Senior, Industrial technology, Engagement, Culture, Multimedia, Human, Business administration, Iron, Acquisition, INSEAD, Love, Crane Co Building of Memphis, Harvard Business School, CR, Ethics, Growth, Record, IONA Technologies, Information management, NYSE, Crane, Management

Crane Holdings, Co. (“Crane,” NYSE: CR), a diversified manufacturer of highly engineered industrial products, today announced that Jennifer Kartono has been appointed Senior Vice President, Chief Human Resources Officer of Crane NXT, a premier Industrial Technology business, effective April 10, 2023.

Key Points: 
  • Crane Holdings, Co. (“Crane,” NYSE: CR), a diversified manufacturer of highly engineered industrial products, today announced that Jennifer Kartono has been appointed Senior Vice President, Chief Human Resources Officer of Crane NXT, a premier Industrial Technology business, effective April 10, 2023.
  • In this role, Ms. Kartono will oversee the development and execution of Crane NXT’s long-term human resources strategy, including talent acquisition and development, compensation and benefits, associate relations, and inclusion, diversity, and equality programs.
  • She will report directly to Crane NXT’s President and Chief Executive Officer Aaron W. Saak.
  • Crane NXT is scheduled to become an independent company on April 3, 2023, following completion of the previously announced separation transaction from Crane Co.

ARCHON Industries, Inc. Launches New EX20-1000 Explosion Proof Light

Retrieved on: 
Tuesday, March 21, 2023
Utilities, Oil, Gas, Energy, Other Manufacturing, Steel, Trucking, Rail, Engineering, Maritime, Air, Transport, Logistics, Supply Chain Management, Manufacturing, ARCHON, LED, Multimedia, IP66, UL, D, Explosive

ARCHON Industries, Inc. is thrilled to announce the launch of our new explosion-proof light.

Key Points: 
  • ARCHON Industries, Inc. is thrilled to announce the launch of our new explosion-proof light.
  • View the full release here: https://www.businesswire.com/news/home/20230321005929/en/
    ARCHON EX20-1000 EXPLOSION PROOF LIGHT (Photo: Business Wire)
    The EX20-1000 luminaire has been designed to provide continuous illumination of process vessels, tanks, distillation columns, and other industrial items located in hazardous (Haz-Loc) and non-hazardous areas.
  • Approved hazardous operating environments are Class I Division I Group C&D, and Class I Division II Group C&D locations only.
  • ARCHON Industries, Inc. has been providing quality processing equipment since 1993 and is the leader in process lighting.

Excelsior Energy Capital Achieves $502 Million First Close on Second Flagship Fund at Two Thirds of Target

Retrieved on: 
Tuesday, March 21, 2023
Other Energy, Utilities, Oil, Gas, Finance, Alternative Energy, Energy, Banking, Professional Services, Trinity Group (geologic group), Trust, Probitas Partners, Counsel, Environment, Fund, Sidley Austin, Renewable energy, Excelsior

Excelsior Energy Capital (“Excelsior”), a leading independent North American renewable energy and energy transition investor, today announced the first close of its second flagship fund, Excelsior Renewable Energy Investment Fund II LP ( “Fund II”), with total capital commitments of $502 million, equal to two-thirds of the target $750 million fund size.

Key Points: 
  • Excelsior Energy Capital (“Excelsior”), a leading independent North American renewable energy and energy transition investor, today announced the first close of its second flagship fund, Excelsior Renewable Energy Investment Fund II LP ( “Fund II”), with total capital commitments of $502 million, equal to two-thirds of the target $750 million fund size.
  • The first close was led by five existing limited partners in Excelsior’s first flagship fund, Excelsior Renewable Energy Investment Fund I, LP (“Fund I”), along with two new limited partners.
  • “To have closed on two-thirds of our target in just five months is a very encouraging start to our Fund II fundraise, especially in this environment,” remarked Chris Moakley, Managing Partner of Excelsior Energy Capital.
  • With Fund I near fully committed, Excelsior expects to close on the initial Fund II investments in the upcoming quarter.

Service Robotics Market worth $84.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, March 21, 2023
Online, Cobot, Tradition, DeLaval, SCADA, JD.com, MES, USV Maxlimer, Clamp, Occupational safety and health, Robotics, Intelligent Water class AUV, AGV, Director General of the European Union Military Staff, Software, Component, Ageing, Northrop, Grumman, USD, Gas, Mobile robot, Grippers, Starship Technologies, DJI, XAG, Forklift, PAM, System, Pallet, Automotive industry, Row, Running, HARVEST, IRobot, Fungal infection, Intuitive Surgical, Process control block, Automatic tool changer, Internet of things, Domestic, Kongsberg Maritime, Geography, Entertainment, Food, 3D printing, Video game, Computer data storage, Machine shop, Region

Hardware component of service robots is expected to have a larger share of the market compared to software component in 2023.

Key Points: 
  • Hardware component of service robots is expected to have a larger share of the market compared to software component in 2023.
  • The hardware component is expected to dominate the service robotics market in 2023.
  • Market for professional service robots is projected to have larger market share compared to personal and domestic service robots in 2023.
  • The professional service robot segment is expected to hold a larger market share of service robotics market in 2023.

Service Robotics Market worth $84.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, March 21, 2023
Online, Cobot, Tradition, DeLaval, SCADA, JD.com, MES, USV Maxlimer, Clamp, Occupational safety and health, Robotics, Intelligent Water class AUV, AGV, Director General of the European Union Military Staff, Software, Component, Ageing, Northrop, Grumman, USD, Gas, Mobile robot, Grippers, Starship Technologies, DJI, XAG, Forklift, PAM, System, Pallet, Automotive industry, Row, Running, HARVEST, IRobot, Fungal infection, Intuitive Surgical, Process control block, Automatic tool changer, Internet of things, Domestic, Kongsberg Maritime, Geography, Entertainment, Food, 3D printing, Video game, Computer data storage, Machine shop, Region

Hardware component of service robots is expected to have a larger share of the market compared to software component in 2023.

Key Points: 
  • Hardware component of service robots is expected to have a larger share of the market compared to software component in 2023.
  • The hardware component is expected to dominate the service robotics market in 2023.
  • Market for professional service robots is projected to have larger market share compared to personal and domestic service robots in 2023.
  • The professional service robot segment is expected to hold a larger market share of service robotics market in 2023.

Milestone Carbon Signs Letter of Intent for Louisiana Carbon Capture and Sequestration Project

Retrieved on: 
Tuesday, March 21, 2023
Other Energy, Manufacturing, Oil, Gas, Finance, Coal, Alternative Energy, Energy, Professional Services, Other Natural Resources, Environment, Sustainability, Natural Resources, Green Technology, Steel, Permian, Ministry of Energy, Geology, Policy, CCS, Growth, University, News, CO2, VI, Rocky Mountains

Milestone Carbon, a leading carbon sequestration company, today announced its intent to evaluate approximately 46,000 acres for carbon capture and sequestration (CCS) in Louisiana’s Terrebonne Parish.

Key Points: 
  • Milestone Carbon, a leading carbon sequestration company, today announced its intent to evaluate approximately 46,000 acres for carbon capture and sequestration (CCS) in Louisiana’s Terrebonne Parish.
  • Milestone Carbon plans to use the land to permanently dispose of industrial CO2 emissions in underground geologic formations, with the potential to sequester hundreds of millions of tons of carbon dioxide.
  • The company will evaluate the land’s potential for multiple Class VI injection wells to support the decarbonization efforts of existing and planned industrial facilities in southeastern Louisiana.
  • “Louisiana has many of the critical elements for successful carbon capture projects, including great geology, strong policy support, and significant industrial emissions,” said Milestone Carbon Senior Vice President Chris Davis .

The Greater Houston Port Bureau Announces New President

Retrieved on: 
Tuesday, March 21, 2023
Trucking, Rail, Maritime, Transport, Chemicals, Plastics, Oil, Gas, Manufacturing, Energy, Logistics, Supply Chain Management, Heritage-class cutter, Sector commander, University, American Public University System, University of Puerto Rico, Río Piedras Campus, Policy, Port, Multimedia, Maritime and Port Bureau, U.S. Coast Guard environmental protection, Biology, Houston-Galveston Area Council, USCG, Coast guard, Shipbuilding, Intermodal freight transport

The Greater Houston Port Bureau (“Port Bureau”) Board of Directors is pleased to announce the appointment of Captain Eric Carrero as President.

Key Points: 
  • The Greater Houston Port Bureau (“Port Bureau”) Board of Directors is pleased to announce the appointment of Captain Eric Carrero as President.
  • View the full release here: https://www.businesswire.com/news/home/20230321005164/en/
    Captain Eric Carrero Will Take the Helm Succeeding Captain Bill Diehl Who is Retiring in May from the Greater Houston Port Bureau.
  • (Photo: Business Wire)
    Bernt Netland, the Chairman of the Port Bureau Board said, “Captain Carrero’s extensive maritime knowledge and working experience in our Houston port region will be a great benefit for the Port Bureau.
  • Over those 14 years the Port Bureau has grown from 95 companies to 260 companies and has become the primary business advocate for the greater Houston Port region.